Dividends4Life: High-Dividend Stock Yields 15%, Has 20% Cash Flow Growth, 35% Revenue Growth

Dividend Growth Stocks News

This stock's common distribution yields over 15%, with 1.15x coverage. It just announced two new contracts that extended its average contract life to nearly eight years, and will increase its cash flow substantially. It also has preferred shares which yield over 10% that are 15% below their call value. Looking for well-covered high dividend yields? This week, we're sailing back into the shipping lanes, in fact, some very cold shipping lanes.

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) vessels. As of January 21, 2016, its fleet consisted of six LNG carriers, with an aggregate carrying capacity of approximately 913,980 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP. The company was founded in 2013 and is based in Monaco.

Source: Seeking Alpha

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